Newcastle

For sale

$80,000 + SAV

Licensed Restaurant/Cafe/Take-Away

BEST HOSPITALITY OPPORTUNITY IN NEWCASTLE & A MUST SEE!

IDEAL FOR ANYONE LOOKING FOR A LICENSED VENUE IN A VERY SOUGHT-AFTER LOCATION!!

Fully licensed and well-known Asian restaurant with a classic and contemporary Asian menu. This venue has one of the cheapest rents in town (approximately $500 per week) and includes two-levels with expansive floor space and plenty of upside to take the business to the next level.

Ground Floor

A sit-in street vibe style take-away (can include footpath dining) is fully air-conditioned with a spacious commercial kitchen, bar/serving area, large office, plenty of storage, toilet facilities and rear lane access. The venue has graffiti brushed walls and an alleyway style eat street vibe. The ground floor is currently not being utilised by the existing owners.

First Floor

The first floor has seating for up to 60 patrons (approximately) and is currently utilised as the main restaurant area for the current business. There is a separate entrance with direct access to the restaurant. This floor is also fully air-conditioned with a spacious commercial kitchen, bar/serving area and toilet facilities.

This licensed venue is also suitable for other food uses or cuisines. Some food uses/cuisines that would be ideal for this space are; café/coffee shops, Kebab’s, fish & chips/burgers (traditional takeaway shop), pizza shop, Thai, Chinese, Italian and Indian (just to name a few).

It ticks all of the boxes and is one of the best opportunities to takeover an established fully licensed restaurant space in the heart of Newcastle at a bargain price.

BE QUICK OR MISS OUT!

TenantedNo
Property Info:
  • Property ID: L1456423
  • Property Type: Restaurant
We Know Your Area
R&H Suburb Profile: Newcastle

Learn more about Newcastle
R&H Suburb Summary Houses
Number of sales 6
Average Price $1,159,667
Median Price $1,300,000
Median Rental Price $280 p.w.
Change in Rental Rate (5yr) -28 %
R&H Suburb Summary Units
Number of sales 118
Average Price $726,216
Median Price $671,300
Median Rental Price $500 p.w.
Change in Rental Rate (5yr) 4 %
Newcastle, NSW - Median Trend